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India: Chennai Peripheral Ring Road (Sections 2 and 3)

GRANT SUMMARY INFORMATION

STATUS
Proposed
MEMBER
India
SECTOR
Transport
E&S CATEGORY
Category A
PROJECT NUMBER
000336

FINANCING

PROPOSED FUNDING AMOUNT
USD378 million
FINANCING TYPE
Sovereign

TIMELINE

CONCEPT REVIEW
March 17, 2020

OBJECTIVE

To improve economic connectivity and road transport efficiency in the Chennai Metropolitan Area through the construction of a peripheral road.

DESCRIPTION

The planned activities under the proposed Project are:

  • Component A: Construction of a 56.2 km six-lane dual carriageway, with a two-lane service road on each side.
  • Component B: Consulting Services and Capacity Development.

PROJECT FINANCING

For more information about project financing, please review the project summary.

ENVIRONMENTAL AND SOCIAL INFORMATION

AIIB’s Environmental and Social Policy (ESP), including the Environment and Social Standards (ESSs) and the Environmental and Social Exclusion List will apply to this project. ESS 1 (Environmental and Social Assessment and Management) and ESS 2 (Involuntary Resettlement) are also applicable to the project. The project will be co-financed with OFID. OFID will follow AIIB’s ESP. The project has been screened and reviewed in accordance with the ESP and ESSs and is assigned as Category “A”.

The Environmental Impact Assessment (EIA) accompanied with an Environmental Management Plan has been prepared to address project-related environmental matters. The Social Impact Assessment / Resettlement Plan (SIA/RP) has been prepared for Section 2. A Resettlement Planning Framework (RPF) has been prepared for AIIB-financed components to address issues of compensation for any physical and economic displacement. An Environmental and Social Due Diligence accompanied by an Environmental and Social Corrective Action Plan has been prepared to improve the environmental and social (ES) performance of the associated facilities, i.e., Sections 1, 4 and 5 of Chennai Peripheral Ring Road.

Substantial consultations have been conducted during on-going field surveys. The consultations will continue after disclosure of the ES documents and during project implementation, considering the national guidelines and restrictions imposed due to the COVID-19 pandemic. The English version of the EIA, SIA/RP and RPF, and Tamil version of the executive summaries of the EIA, SIA/RP and RPF have been posted on client’s and AIIB’s websites; and hard copies will be made available at the project area.

A two-tier project Grievance Redress Mechanism (GRM) has been established in accordance with the requirements of AIIB’s ESP. Communities and individuals who believe that they are adversely affected by the project will be able to submit complaints to the project-level GRM for resolution. Additionally, the GRM for addressing worker complaints will be made available at the contractor level.

PROJECT TEAM LEADER

Mehran Avini

Senior Private Sector Development Technical Specialist

mehran.avini@aiib.org

 

The OPEC Fund for International Development (OFID)

Shaimaa Al-Sheiby

Senior Officer
Private Sector Operations

A.Al-Sheiby@ofid.org

BORROWER

Dr. Prasanna V. Salian

Deputy Secretary, Department of Economic Affairs, Ministry of Finance
Government of Republic of India

pv.salian@nic.in

 

Tamil Nadu Highways Department

Dr. A. Arun Thamburaj

Project Director,
Chennai Peripheral Ring Road Project

spnderpiu.cprr@tn.gov.in

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